Crypto Analyst Says FLOKI Master Plan Is Invalidated, What’s Next For The Shiba Inu Competitor?

Cryptocurrency analyst Master Kenobi provided an update on it Fuki’s master plan. The analyst revealed that his initial analysis was invalid and stated what is the next step for the Shiba Inu competitor with this development.

FLOKI’s master plan has been foiled but it could be a good thing

Master Kenobi revealed in X’s post that Floki’s master plan It appears to have been revoked. However, he believes this is good news rather than bad news for the Shiba Inu competitor. He went on to explain why this is a good thing for the meme coin, offering reasons why FLOKI is bound to thrive in this market cycle.

First, the analyst noted that the world of cryptocurrencies has evolved beyond the narratives of DeFi, NFT, Gaming, and Metaverse and is now focused on memes. In line with this, he saw that meme currencies would be the primary narrative in That’s bull run. He added that cryptocurrency projects seem more credible when they are simpler and embody humor, which is why he is betting on memes, including FLOKI, to thrive in this market cycle.

Master Kenobi then mentioned that Floki caught his attention with some key aspects. He pointed to the fact that the meme currency is the first meme in BNB ecosystem Noting that BNB is the only blockchain infrastructure that is “truly evolving.”

Eye-catching meme sides of the coin

The first aspect identified by the analyst is the recurring chart pattern of FLOKI. The second thing Master Kenobi mentioned was that Shiba Inu The competitor appears to be one of the strongest, if not the strongest, cryptocurrencies in the Binance chain. He cited the meme craze over Solana and how it helped elevate its ecosystem.

The analyst believes something similar will happen on the BNB chain. He noted that BNB cannot afford to lose its position to SOL in terms of market cap. He added that BNB is well positioned to maintain its position on SOl since then Binance It remains the leading central exchange (CEX).

However, Master Kenobi pointed out that BNB will also need a master meme currency, and that’s where FLOKI comes into play. It is believed that Binance has noticed the need for a leading meme coin, which is why it supports some meme projects, including FLOKI.

Related Reading: Shiba Inu Price Actions: Here’s How Many Shareholders Are Realizing P/L Now After This Sharp Drop

With a dedicated team, a game ready to launch, and a market capitalization of $1.25 billion along with the backing of Binance, the analyst noted that the Shiba Inu competitor has all the “ingredients” to become a starter in the next bull market.

As part of his previous works Floki’s master planMr. Kenobi predicted that the meme coin is likely to enjoy a price explosion on October 21. One reason this doesn’t happen may be because of the impending bull market, where “maximum volatility and unpredictability are preferred,” he said. The analyst also predicted that the FLOKI price explosion will occur around mid-December, along with the explosion of Dogecoin and altcoins.

Featured image created with Dall.E, chart from Tradingview.com